Stocks entered a correction on Thursday as the S&P 500 index fell 10% from its recent peak after President Donald Trump escalated the trade war with 200% tariffs on European alcoholic beverages. This swamped a better-than-expected wholesale inflation report that showed prices continuing to slow.

Nvidia and Tesla gathered momentum as each headed for a second-straight session in the black on the stock market today. The Dow wavered between positive and negative in afternoon action, dropping 0.1%,